Posted on August 15, 2022
According to insider reports, Las Vegas-based betting firm EBET is preparing to withdraw from esports betting markets — as reported by Sharpr today. This news comes hand-in-hand with the revelation that several employees have been let go from EBET, formerly known as Esports Technologies. Reportedly, this shift in focus comes from a desire to leave the esports industry, pivoting and deep-diving into the online casino business – operating brands such as Gogawi casino, Karamba casino, BetTarget and Griffon, to mention a few.
Within recent months, EBET rebranded from Esports Technologies, which now looks like a case of foreshadowing. Last year, in October, EBET and Aquire Global signed an acquisition deal worth some $76 million, with the latter handing over its B2C portfolio, which included several online casinos and sportsbooks. Since then, EBET has made some monumental changes, with some sources stating that the change in mission has come from underperforming esports resources.
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